Russia currently has a limit on pork of 400,000 metric tons annually that can be imported by any country.This restriction would be considered a
A)tariff.
B)trade imbalance.
C)quota.
D)excise tax.
E)subsidy.

Question

Quizplus · Accepted Answer

A quota is a restriction placed on the quantity of a particular good that can be imported into a country. In the case of Russia, the limit of 400,000 metric tons annually for pork imports is a quota.

Russia Currently Has a Limit on Pork of 400,000 Metric